How the major stock indexes fared Monday

AP News
Posted: Aug 01, 2011 4:35 PM
How the major stock indexes fared Monday

A see-saw day on Wall Street ended with an 11-point drop in the Dow Jones industrial average.

The Dow started the day up nearly 140 points after President Obama and congressional leaders said Sunday that a deal had been reached to raise the nation's borrowing limit and avoid an unprecedented default on U.S. debt. A surprisingly weak manufacturing report erased those gains and took the Dow down as much as 145 points. Stocks gradually pared those losses in the afternoon.

The Dow Jones industrial average fell 10.75 points, or 0.1 percent, to close at 12,132.49.

The Standard and Poor's 500 index lost 5.34 points, or 0.4 percent, to 1,286.94.

The Nasdaq composite fell 11.77, or 0.4 percent, to 2,744.61

For the year to date:

The Dow is up 554.98, or 4.8 percent.

The S&P is up 29.30, or 2.3 percent.

The Nasdaq is up 91.74, or 3.5 percent.